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Business News

  • RBI official asks rating agency to be more transparent

    RBI official asks rating agency to be more transparent  

    Rating agencies need to be more transparent in disclosures on stressed companies and assets so that both the lenders as well as asset reconstruction companies can arrive at the right valuation, a senior Reserve Bank official said ...

    01 Jul 2016, 6.38 pm  |  Source: PTI

  • Honda Cars sales plunge 37.93% to 11,407 units in June

    Honda Cars sales plunge 37.93% to 11,407 units in June  

    Honda Cars India Ltd reported a 37.93 percent decline in its domestic sales at 11,407 units in June

    01 Jul 2016, 6.38 pm  |  Source: PTI

  • RIL, SBI sign shareholder agreement for payments bank JV

    RIL, SBI sign shareholder agreement for payments bank JV   

    The primary aim of the payments bank will to digitise payments and promote savings, where RIL will hold 70 percent of the total equity and SBI will have the remaining 30 percent.

    01 Jul 2016, 6.27 pm  |  Source: PTI

  • Tanishq sales rise in Q1 on wedding season demand: Titan

    Tanishq sales rise in Q1 on wedding season demand: Titan  

    May started off well with Akshaya Tritiya weekend bringing in some sales growth for Tanishq, Titan said in its quarterly update to exchange BSE.

    01 Jul 2016, 6.20 pm  |  Source: PTI

  • Equitas gets final RBI nod to start small finance bank

    Equitas gets final RBI nod to start small finance bank  

    Equitas Holdings Ltd on July 1 said it has received final licence from Reserve Bank to launch a Small Finance Bank (SFB) and will commence operations in few months with a network of around 400 branches

    01 Jul 2016, 6.02 pm  |  Source: PTI

  • Ford India sales surge twofold to 19,754 units in June

    Ford India sales surge twofold to 19,754 units in June  

    Ford India on July 1 reported over twofold rise in total sales at 19,754 units in June.

    01 Jul 2016, 6.02 pm  |  Source: PTI

  • Biocon bets on biosimilars for global ascendancy

    Biocon bets on biosimilars for global ascendancy  

    Biotechnology major Biocon is banking on four advanced programmes aimed at treating cancer, diabetes and psoriasis to emerge as a leading global player in the field of biosimilars, Biocon Chairperson Kiran Mazumdar-Shaw has sa...

    01 Jul 2016, 6.02 pm  |  Source: PTI

  • JPMorgan Chase & Co gets RBI approval to open 3 new branches

    JPMorgan Chase & Co gets RBI approval to open 3 new branches  

    JPMorgan Chase & Co on July 1 said it has received Reserve Bank's approval to open three more branches in the country

    01 Jul 2016, 6.02 pm  |  Source: PTI

  • Equitas gets small bank licence, prepared for yield stress

    Equitas gets small bank licence, prepared for yield stress   

    In an interview with CNBC-TV18, HKN Raghavan, CEO of Equitas said that the company is adequately prepared to address the pressure on yields and it still needs to apply for 3-4 licenses before the complete rollout of the bank, whic...

    01 Jul 2016, 5.31 pm  |  Source: CNBC-TV18

  • ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP

    ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP  

    Global lenders, Asian Development Bank and International Finance Corporation, as well as other investors are in talks for state-owned IDBI Bank's Rs 3,771 crore stake sale via qualified institutional placement route

    01 Jul 2016, 5.12 pm  |  Source: PTI

  • Hero MotoCorp sales up 1.32% to nearly 5.5 lakh units in June

    Hero MotoCorp sales up 1.32% to nearly 5.5 lakh units in June  

    Country's largest two-wheeler maker Hero MotoCorp on July 1 reported 1.32 percent increase in sales at 5,49,533 units in June

    01 Jul 2016, 5.12 pm  |  Source: PTI

  • TVS Motor sales up 11% at 2,47,085 units in June

    TVS Motor sales up 11% at 2,47,085 units in June  

    TVS Motor Company on July 1 reported 11 percent increase in total sales at 2,47,085 units in June

    01 Jul 2016, 5.08 pm  |  Source: PTI

  • Mahindra tractor sales up 20.33% in June at 30,191 units

    Mahindra tractor sales up 20.33% in June at 30,191 units  

    Domestic tractor sales grew by 20.49 percent to 28,797 units in June as against 23,899 units in the year-ago month, the company said in a statement.

    01 Jul 2016, 3.26 pm  |  Source: PTI

  • Textile policy, GST, good monsoon to boost sentiment: Arvind

    Textile policy, GST, good monsoon to boost sentiment: Arvind   

    All the retail formats (Aeropostale, Sephora, GAP etc) are going as per plans. At the store level, profitability is good, like-to-like growth is healthy too, said Sanjay Lalbhai, CMD, Arvind.

    01 Jul 2016, 3.18 pm  |  Source: CNBC-TV18

  • Jaypee account an NPA, banks may invoke SDR: SBI official

    Jaypee account an NPA, banks may invoke SDR: SBI official  

    Amid reports that lenders may take majority control of the debt-laden Jaiprakash Associates, a senior SBI official on July 1 said it has classified the account as an NPA and lenders will soon meet to take a call on invoking Strat...

    01 Jul 2016, 3.16 pm  |  Source: PTI

  • Virinchi Tech kickstarts Hyberabad hospital ops with 350 beds

    Virinchi Tech kickstarts Hyberabad hospital ops with 350 beds   

    Kompella says 350 beds have been completed so far. An initial investment of Rs 140 crore has been done while total borrowing for the project is about Rs 100 crore.

    01 Jul 2016, 2.53 pm  |  Source: CNBC-TV18

  • Indian-owned food production firm launches new unit in UAE

    Indian-owned food production firm launches new unit in UAE  

    With the expansion of its production facility, Arab & India Spices (AIS) eyes an annual turnover of Dh1 billion (USD 272) million billion starting from this year.

    01 Jul 2016, 2.50 pm  |  Source: PTI

  • P-Note investments rise to Rs 2.15 lakh cr in May

    P-Note investments rise to Rs 2.15 lakh cr in May  

    P-Notes are typically instruments issued by registered foreign portfolio investors to overseas investors who wish to invest in Indian markets without registering themselves directly in India to save on time. But they still need to...

    01 Jul 2016, 2.50 pm  |  Source: PTI

  • Govt kick-starts process to sell 12.03% in ITDC

    Govt kick-starts process to sell 12.03% in ITDC  

    The Department of Investment and Public Asset Management (DIPAM), previously known as Disinvestment Department, has invited bids from merchant bankers to assist the government in the disinvestment process of ITDC, which runs a cha...

    01 Jul 2016, 2.44 pm  |  Source: PTI

  • Venture Catalysts secures $5,00,000 funding from Zaffiro

    Venture Catalysts secures $5,00,000 funding from Zaffiro  

    Venture Catalysts (VCats) was valued at Rs 40 crore during the investment process in the six months of its operations, it said in a statement today.

    01 Jul 2016, 2.34 pm  |  Source: PTI

  • Reliance Defence gets Reserve Bank nod to exit CDR

    Reliance Defence gets Reserve Bank nod to exit CDR  

    Anil Ambani-led Reliance Infrastructure has acquired nearly 35 percent in Pipavav Defence and Offshore Engineering Co, which has been renamed as Reliance Defence and Engineering.

    01 Jul 2016, 2.26 pm  |  Source: PTI

  • Ashok Leyland sales rise 7% to 11,108 units in June

    Ashok Leyland sales rise 7% to 11,108 units in June  

    Sales for its heavy and medium commercial vehicles rose 8 percent to 8,685 units last month as against 8,016 units in the year-ago period, the company said in a BSE filing.

    01 Jul 2016, 2.16 pm  |  Source: PTI

  • Maruti zooms past Hyundai, both on Google search & sales: CLSA

    Maruti zooms past Hyundai, both on Google search & sales: CLSA  

    The brokerage house, in a report, says that Maruti’s new launches like Baleno and Vitara Brezza continue to strengthen in comparison to its competitors. Volume growth for Vitara is likely to continue.

    01 Jul 2016, 2.04 pm  |  Source: Moneycontrol.com

  • D K Hota takes over as BEML`s CMD

    D K Hota takes over as BEML's CMD  

    Prior to this, he had served in Hindustan Petroleum Corporation Limited for 30 years -- his last designation being Head, Natural Gas Division, BEML said in a release.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • Big Synergy, Phantom tie up for TV, digital media content

    Big Synergy, Phantom tie up for TV, digital media content  

    The alliance will "create a content production powerhouse, to deliver relevant and impactful entertainment content across TV and Digital Media", the company said in a press release.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • Escorts tractor sales grow 11.3% in June

    Escorts tractor sales grow 11.3% in June  

    The company had sold 6,238 units in the same month last year, Escorts said in a BSE filing.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • PE investment in April-June falls 16% to $3.6 bn

    PE investment in April-June falls 16% to $3.6 bn  

    According to early data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations, there were 169 PE deals, worth USD 4,278 million in April-June of 2015.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • Renault sales jump over two-fold at 11,837 units in June

    Renault sales jump over two-fold at 11,837 units in June  

    The cumulative sales figure for the period January-June stands at 61,895 as against 23,346 in the corresponding period last year, thereby registering a growth of 165 per cent, the company said in a statement.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • NCS Computech allegations were to damage IPO process: Quick Heal

    NCS Computech allegations were to damage IPO process: Quick Heal   

    The suit filed by NCS Computech against Quick Heal has been dismissed by the court. Suit claimed intellectual property rights to the brand name "Total Security" by NCS.

    01 Jul 2016, 1.35 pm  |  Source: CNBC-TV18

  • Cabinet may take up textile policy within a month: Rashmi Verma

    Cabinet may take up textile policy within a month: Rashmi Verma   

    The new textiles policy could be taken up by the Cabinet within a month, is the word coming in from textiles secretary Rashmi Verma.

    01 Jul 2016, 1.12 pm  |  Source: CNBC-TV18

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